thank you yet again for the additional insight.

I have dug my heels in and said I WILL NOT ACCEPT ANY LOWER THAN ...! It is a pain in the A$$ because all the info i receive is second hand. We are schedule to meet with the potential owner the first week of June, and this is where I will get the first hand account of the amount of flying we will be doing, how many partners etc.

When I get this information i will incorporate all these suggestions into what i feel is a reasonable offer.